Propeller

Propeller grows and supports entrepreneurs to tackle social and environmental disparities. Participants of our programming reflect the demographics of our region, but more specifically, we support Black and Brown entrepreneurs in our immediate vicinity through our Community Economic Development focus area. Participants of our Impact Accelerator in the Community Economic Development sector must be Black or Brown entrepreneurs operating for-profit, brick and mortar storefronts in the specific geographic boundaries surrounding Propeller, or must operate an organization that supports the operating environment for Black and Brown entrepreneurs. Propeller also supports Black-owned businesses through its Social Venture Fund, a $1 million loan fund for entrepreneurs working in our core areas of focus: community economic development, education, food, health, and water.

Since Propeller's first accelerator program in 2011, they have graduated 215 entrepreneurs who have collectively generated over $112 million in revenue and financing, and created more than 485 full-time and part-time jobs for New Orleanians. Through our PitchNOLA competitions, over $200,000 in seed funding has been awarded to entrepreneurs.